Saturday, March 21, 2009

Proshares Short Dow (DOG) - Bounces off support / Rebote de soporte



English-
DOG - (decendents of wolves(lobo) - Notice the daily chart that is posted, DOG has bounced clean off the support level (lateral and uptrend line) and has now broken the recent downtrend line. RSI is just below 50 but the CCI has crossed back over the -100 level which is a buy signal. To be safe, we need the RSI to cross above 50, this will happen with a bit higher price so we look for the setup to enter longs. DOG has closed at 79.85 and a cross above 80 will tick the RSI above 50 giving us another buy signal. It is this level that one can think about going long (above 80) for a long trade with price targets of 84.50. Stops below the lateral support line.


Español-
DOG - (decendientes de lobos) - Tomen nota del grafico puesto, DOG en rebote limpio del soprte (lateral y linea de tendencia alcista) y ha roto la recente linea de tendencia bajista. El RSI esta mismo por debajo de los 50 pero el CCI ha cruzado de nuevo por encima de los -100 que es señal de compra. Para estar seguros, necesitamos el RSI por encima de 50, esto ocurre con precios un poco mas altos. Vamos pensar como operar. DOG ha cerrado a 79.85 y un cruze del RSI por encima de los 50 seria con precios por encima de 80.00, la señal de compra. Es este el nivel para operar en largos (por encima de 80) con objetivo a 84.50. Stops por debajo de la linea de soporte lateral.

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